DICON, Terra Industries seal pact to deepen local defence system manufacturing
Nigeria has moved to boost local defence production after the Defence Industries Corporation of Nigeria signed an MoU with Terra Industries to form a joint venture company. The agreement, backed by the DICON Act 2023, focuses on indigenous manufacturing and research in advanced military systems. Officials say it marks a new phase in reducing reliance […]
Fuel price cut: Why Nigerian govt policy should favour Dangote Refinery, domestic refineries – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to design fuel pricing and import policies that support Nigeria’s local refineries, especially the Dangote Refinery. According to the group, doing so will help reduce the cost of fuel, improve energy security, and strengthen the local economy. CPPE said that allowing […]
The Case Against High-Cost Fuel For Nigerians
In Nigeria, producing fuel locally is a promising development. However, setting high prices for this fuel is making life harder for many Nigerians. Even though these prices are meant to align with global standards, they don’t consider the financial challenges that ordinary people in Nigeria face. With the country’s oil resources, there’s an opportunity to […]
Supply Enough Petrol For Local Consumption, Tinubu Tells Dangote, Others
President Bola Ahmed Tinubu is pushing for Nigerian refineries to focus on supplying fuel for local use rather than relying on imports. This shift aims to strengthen Nigeria’s economy by reducing the constant pressure on foreign exchange and promoting the local oil industry. At a recent meeting held at the State House in Abuja, Tinubu […]
Nigeria Loses $3 Billion Annually Due to Imported Ankara Fabrics
Nigeria is facing a significant economic challenge, losing about $3 billion each year due to the import of Ankara fabrics, a style of wax print that is very popular in West and Central Africa. This concerning figure was revealed by Hannatu Musawa, the Minister of Art, Culture, and Creative Economy, during the Creative Africa Nexus […]
APC Chieftain Calls for Price Control Policies to Curb Inflation in Nigeria
Abayomi Nurain Mumuni, a prominent member of the All Progressives Congress (APC), has urged the Nigerian government to implement price control policies to tackle the ongoing rise in the cost of goods and services. According to Mumuni, this is necessary to address the persistent inflation affecting Nigerians. In a statement shared by his Media Aide, […]